Former Member of Parliament for New Juabeng South and senior member of the Kennedy Agyapong campaign, Dr. Mark Assibey-Yeboah, has said the Ghanaian cedi is currently overvalued and should trade at around GH¢14 to the US dollar.
Speaking on Asempa FM’s Ekosii Sen show, Dr. Assibey-Yeboah acknowledged that inflation has declined to about 5.4 per cent, suggesting some price stability. However, he warned that other economic indicators remain concerning.
“Ghana’s economic growth rate is currently estimated at about 4 per cent in 2025, the lowest in the West African sub-region. This is troubling for business expansion and job creation,” he noted.
He explained that the relatively strong cedi is affecting exporters, with institutions such as COCOBOD and the Ghana Revenue Authority (GRA) raising concerns over the exchange rate regime.
“For an exporting country, a strong currency is not good. The current exchange rate is hurting exporters. I believe the cedi is overvalued and should come to around 14 cedis to the dollar,” Dr. Assibey-Yeboah said.
He emphasised that sustainable economic growth, improved employment, and a competitive exchange rate must be prioritised to strengthen Ghana’s economy.
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